At Plum, we're committed to making investing simple and accessible for everyone. But to do that, we must be completely transparent about any fees and expenses involved. When it comes to Stocks, it's essential to be aware of two types of fees: the Trading Fee and the Regulatory Fee.
Trading Fee
The trading fee is taken by Plum to cover the operational cost of each transaction, such as the currency conversion (as all stocks trade in USD) and the transactional cost of our investment partner, Alpaca. The fee is fixed and depends on your subscription plan:
Basic | 2 free trades (lifetime), then £0.50 per trade. |
Plus | 2 free trades (lifetime), then £0.15 per trade. |
Boost | 2 free trades (lifetime), then £0.05 per trade. |
Max | No trading fee. |
The trading fee is taken automatically each time you buy or sell a stock, and it's built into the cost of the transaction.
Regulatory Fees
When you sell stocks, small regulatory fees apply, even if we don’t charge you a commission. These are standard charges required by U.S. financial regulators and are taken automatically from the proceeds of your sale. Here’s what you might see:
SEC Fee: $0.000008 for every $1 you make from the sale
FINRA TAF (Trading Activity Fee): $0.000145 for each share you sell, up to a maximum of $7.27 per trade
These fees are not kept by us. They go directly to the regulators to help maintain fair and safe markets.
Important to Know
You’ll only pay fees on completed trades. If your order doesn’t go through, you won’t be charged.
You can find a full breakdown of any fees in your trade confirmation, which is sent to you after each executed order.
Please keep in mind that fees are taken directly from your trade. This means:
For buy orders, you might receive slightly fewer shares
For sell orders, you might receive slightly less money
These small differences are normal and reflect standard industry practices.